Analysis: Post-Iran war stock market gains mask deepening inequality for average Americans
By
Matt Peterson
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
The article analyzes how the end of the Iran war (referring to the COVID-19 pandemic's economic impact) has benefited wealthy Americans with stock market gains while average consumers bear the costs of high energy prices and inflation. It highlights the growing inequality between those with stock market access (disproportionately the ultrawealthy) and everyday Americans struggling with rising costs, suggesting that the post-war economic recovery may deepen existing disparities rather than benefit all citizens equally.
Key quotes
· 3 pulledWe have 401(k)s at their all-time high, highest they've ever been, and that goes along with
Those with access to stocks — a majority of Americans have some, though the ultrawealthy have most — saw the S&P 500 dip about 8% when the war started, only for it to bounce 19% starting in late March
The index is now up 10.7% for the year, which if it held would make for the fourth consecutive year of double-digit stock increases
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